Financial technology giant Mastercard is launching a radical transformation in the world of finance by offering a new generation of solutions in the field of digital asset transactions and commercial payments. The company aims to make blockchain-based transactions more secure and compatible with the “Multi-Token Network” (MTN) infrastructure it has developed, while bringing speed and automation to corporate pay processes with the virtual card technology VCN.
These initiatives are among the important steps of Mastercard's effort to build a solid bridge between traditional financial systems and the digital asset world Dec. 21, Dec.21, Dec.21, Dec. 21, Dec. 21, Dec.
New Blockchain-Based Infrastructure: Multi-Token Network
The Multi-Token Network (MTN) developed by Mastercard offers a new transaction infrastructure that will allow digital assets to be used securely. This system enables the interoperability of on-chain and off-chain assets. Thus, users and institutions can transact with blockchain-based digital assets in a more transparent, compatible and integrated way.
Mastercard is using the technical know-how it has gained from more than 250 blockchain patent applications it has made since 2015 to implement this project. In addition, it actively cooperates with important banks such as JPMorgan Chase and Standard Chartered on projects such as cross-border payments and tokenization of carbon credits.
Digitalization of Corporate Payments with VCN Technology
Not only digital assets, but also on the side of commercial payments, Mastercard has a remarkable solution: VCN (Virtual Card Number) technology. This system developed by the company aims to accelerate the digitalization of corporate payments.
As of April 1, 2025, Mastercard-affiliated banks and business partners will be able to offer integrated virtual card solutions thanks to this technology. Virtual cards provide automatic and secure execution of payments by connecting directly to the ERP and accounting systems of enterprises.
Thanks to this system:
- Payments are becoming simpler,
- Security is increasing,
- Accounting processes are getting easier,
- Institutions are getting rid of the manual processing burden.
Highlights of Mastercard's Pay Transformation:
- Multi-Token Network: A secure, integrated and regulation-compliant infrastructure for blockchain-based digital asset transactions.
- VCN technology: Automatic, integrated and fast corporate pay solutions with virtual card numbers.
- Strategic business associations: Digital project partnerships carried out together with global banks such as JPMorgan Chase, Standard Chartered.
- Global goal: Mastercard wants to facilitate the use of digital assets by spreading these infrastructures around the world.
What Does It Mean For the Digital Finance Ecosystem?
These steps by Mastercard show that digital assets are no longer just an investment tool, but are starting to become part of active pay systems. While institutions can perform their transactions faster and more securely with virtual cards, individual users will also be able to use blockchain-based assets more easily and securely.
In addition, these solutions are not only technological; they also offer a strong basis for regulatory compliance. This both increases user confidence and strengthens the place of digital assets in the traditional financial world.
